LONDON--The costs of borrowing dollars, sterling and euros for three months in the London interbank market all declined Monday.
Data from the British Bankers' Association showed the three-month dollar London Interbank Offered Rate, or Libor, fell to 0.46060% from 0.46160% Friday.
The spread between the three-month dollar Libor and overnight index swaps, a barometer of market stress, narrowed to 28.5 basis points from 28.8 basis points.
Sterling borrowing costs for three months eased to 0.90438% from 0.90813%, while the euro rate declined to 0.55679% from 0.55907% Friday.
Write to Tommy Stubbington at tommy.stubbington@dowjones.com
